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LIFETIME FEDERAL CREDIT UNION

Jun, 30, 2024 — LIFETIME FEDERAL CREDIT UNION is a federal credit union headquartered in RICHARDSON, TX with 2 branch locations and about $52.07 million in total assets. Opened 75 years ago in 1949, LIFETIME FEDERAL CREDIT UNION has about 5,261 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311078938
Name:LIFETIME FEDERAL CREDIT UNION
Address:
(Main Office)
1001 E Lookout Dr
RICHARDSON, TX 75082-4144
Phone:(972) 766-6732
Fax:(972) 766-8416
Website:https://lifetimefcu.org
Branches:2 branch locations
Members:5,261
Credit Union Type:Federal Credit Union
Charter Number:6012
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1949
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$52,067,040
CEO/Manager:Darryl Trammell
Chairperson:Bryant Phipps

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,580,913
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,576,551
 Unsecured Loans 7,893,377
 Other Loans 14,296,801
 TOTAL LOANS 28,535,687
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -261,644
 Land And Building 0
 Other Fixed Assets 175,407
 NCUSIF Deposit 391,250
 All Other Assets 0
  TOTAL ASSETS 52,067,040
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 641,056
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,809,349
 Regular shares 28,929,583
 All Other Shares & Deposits 8,258,894
  TOTAL SHARES & DEPOSITS 40,997,826
  TOTAL LIABILITIES 41,638,882
 Regular Reserve 0
 Other Reserves 2,159,610
 Undivided Earnings 8,268,548
  TOTAL EQUITY 10,428,158
  TOTAL LIABILITIES, SHARES, & EQUITY 52,067,040
INCOME & EXPENSE  
 Loan Income 370,257
 Investment Income 94,515
 Other Income 120,009
 Total Employee Compensation & Benefits 147,469
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 201,789
 Non-operating Income & (Expense) 9,609
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 70,682
 Cost of Funds 76,813
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 144,077
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